I am often asked as to the best way to make money out of property. My rather simplistic answer, “time”.
* Timing the market; and/or
* Time in the market.
The residential property market in Australia has weathered one of the largest ‘value’ declines over recent decades.
Significantly official data indicators are pointing to a recovery.
Price falls slowed throughout the June quarter. Data from CoreLogic have revealed that national values increased by 0.8% over August, led by the major markets of Sydney and Melbourne with respective growth of 1.6% and 1.4%.
Market sentiment has improved since the federal election, fuelled further by two interest cuts and the Australian Prudential Regulation Authority lowering mortgage serviceability requirements.
What is important to recognise, however, is that pricing remains at historic lows.
Timing the market is now. The window of opportunity is likely to be 3 to 6 months.
Should you require assistance in marketing your property correctly, to ensure you get the best price or require assistance in assessing and driving value out of your property please feel free to call me on 0467 44 38 38 or email john@willsproperty.com.au to discuss any of your requirements.
Regards,
John Wills FAPI
+61 467 443 838
john@willsproperty.com.au
WILLS PROPERTY
